How Quantum Computing Will Help Solve Real-World Problems Much Faster

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Over the past couple of years, there has been a significant interest in Quantum Computing. It is one of the fast-emerging disruptive technology that can significantly impact many industries and societies. BCG estimates that quantum computing will touch $2-$5 billion by 2024, reaching $50 billion by the end of the decade. The technology is already witnessing exponential growth in its computing power as measured in "Quantum Volume" and is expected to grow further. The "quantum advantage" is likely to be realized in the next few years where real-world problems of consequence can be solved efficiently using a quantum computer that even the most giant supercomputer will not be able to achieve.  IBMPotential applications span multiple sectors including finance, healthcare, manufacturing to supply-chain and logistics. For...

How to Keep Edge Computing Sites Truly Autonomous

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IT solution providers have an opportunity to add value by delivering and remotely managing hyperconverged edge sites. Hyperconverged infrastructure (HCI) solves many problems that historically have plagued data center managers–clutter, management complexity, and high upgrade and maintenance costs created by multiple Ethernet boxes, servers, and storage arrays. Hyperconvergence removes those elements by combining data center functions into a single node. As such, HCI is ideal for unstaffed edge computing sites, which can number in the thousands as part of a single network. As companies deploy edge environments, IT managers are coming to managed service providers (MSPs) and IT solution providers with questions along these lines: “My CIO wants me to deploy a standalone edge micro data center at each of our branch locations by the end of...

A complex quantum computing approach to complex financial risk

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A new quantum algorithm could eventually make it easier for banks to manage the systemic risk that helped bring down the financial system more than a decade ago.Why it matters: Major financial institutions spend huge computing resources in calculating the systemic risk that may be contained in their portfolios. Replacing classical computing with a quantum architecture could allow them to do it faster and cheaper.What's happening: Zapata Computing, a Massachusetts-based quantum software company, and the Spanish bank BBVA are collaborating to develop a quantum algorithm to target credit valuation adjustment (CVA).CVA is a change to the market value of derivative adjustments that account for credit risks from counterparties. It was introduced as a new requirement for banks following the 2007–2008 financial crisis, when the banking system was almost...

Week In Review: Auto, Security, Pervasive Computing

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Pervasive computing — IoT, edge, cloud, data center, and backCadence announced it has found a cost-conscience way to scale capacity for 3D electromagnetic (EM) simulations using a hybrid cloud consisting of local computing resources and cloud services from Amazon Web Service (AWS). Data stays safe on the local resources, and, if more computing resources are needed, encrypted simulation-specific data goes to the cloud. The 3D finite element method (FEM) simulation is part of Cadence’s Clarity 3D Solver 3D, which under this new method will automatically set up and run the simulation in a private, secure AWS chamber. The user defines the number of compute cores to be accessed and when. The data in the AWS chamber is deleted after the compute work has been returned to the on-prem computers. “We utilize Clarity 3D Solver with on-premises...

LOCH Technologies Named a Cool Vendor in Gartner 2021 Edge Computing Report

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EMERYVILLE, Calif.--(BUSINESS WIRE)--LOCH Technologies, the leader in wireless and wireless IoT security, today announced that it has been named a Cool Vendor in the Gartner Cool Vendors in Edge Computing 2021 report1. The report states, “As edge computing moves from proofs of concept and custom-made monolithic projects to repeatable enterprise applications, vendor offerings that simplify deployment are gaining attention. Gartner forecasts that 15 billion IoT devices will be connecting to enterprise networks by 2028. A total of 80% of these devices will connect via wireless technology, and 97% of enterprises have security concerns when adopting IoT. Any IT organization that does not have a policy that defines how a device will connect to the network or has not tested all devices to ensure that they act properly must discover, manage, secure...

Quantum computing specialist hiring globally after trading breakthrough

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It's not just Goldman Sachs and JPMorgan that are making breakthroughs in quantum computing. After Goldman Sachs recently revealed the success of some of its Monte Carlo simulations using quantum techniques developed by start-up QC Ware, Cambridge Quantum Computing (CQC), said today that it's developed an algorithm that accelerates Monte Carlo integration. And CQC is hiring. Monte Carlo integration is used for financial risk analysis, plus drug development and supply chain logistics. CQC's new algorithm decomposes the Monte Carlo integration, running it partially through a quantum computer and partially through a classical computer, without losing any quantum advantage.  “We are now capable of achieving what was previously only a theoretical quantum speed-up. That’s something that none of the existing quantum Monte Carlo integration...

Detecting ‘Aggressive Driving’ With Machine Learning And Edge Computing

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A recent patent application has proposed a system for identifying ‘aggressive driving behavior’ at junctions using machine learning algorithms deployed in civic edge computing devices.In contrast to recent innovations of AI research into in-vehicle ‘road rage’ analytics (primarily intended for the benefit of insurance companies), the system proposed is instead municipal in nature, and could be aimed at facilitating penalties for drivers that are not conforming to the ambient norms of ‘safe’ driver behavior. It is also specifically intended to provide bad drivers with related in-car audiovisual alerts.The patent was filed at the US Patent and Trademark Office on 29th April 2021 on behalf of the Board Of Regents of the University of Michigan, and the Denso corporation, a Japanese automotive components manufacturer owned by Toyota.The...

Hyperconnectivity, Hyperscale Computing, And Moving Edges

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As described in “The Four Pillars of Hyperscale Computing” last year, the four core components that development teams consider for data centers are computing, storage, memory, and networking. Over the previous decade, requirements for programmability have fundamentally changed data centers. Just over a decade ago, in 2010, virtual machines would compute user workloads on CPU-centric architectures connected as networks within the data center with up to 10GB/s speeds. Five years later, software-defined networking found its way into the data center, and network speeds improved up to 40GB/s. Containerization replaced the classic virtual machine model. Over the last five years, storage has become software-defined, too, with intelligent storage in the hardware and network speeds increasing to up to 100GB/s. Today, requirements for hyperscale data...

Quantum computing investments on the rise

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Investments in quantum computing are expected to increase in the next 24 months, according to the survey results from IDC. The number of organizations allocating more than 17% of their annual IT budgets for this technology is expected to rise from 7% in 2021 to an estimated 19% in 2023. These investments will be driven by organizations seeking to achieve a competitive advantage by using quantum computing technology to improve and accelerate business processes with enhanced AI capabilities, better security, and optimized algorithms. Companies increasingly interested in quantum computing Recent survey findings indicate that, at the start of 2021, one fifth of companies interested in quantum computing technology reported current usage and two thirds expect to be experimenting with this technology in the next 18-24 months. This growth is due to...

Computing hubs to boost digital strides

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By OUYANG SHIJIA and YANG JUN in Guiyang | China Daily | Updated: 2021-05-27 08:54 File photo shows a visitor tours a display center of the National Big Data Comprehensive Pilot Area in Southwest China's Guizhou province, May 22, 2019. [Photo/Xinhua] Integrated grids across nation key to development of new tech and industries China will set up integrated computing network hubs across the nation to further boost the digital economy and provide new impetus for the sector's development, the nation's top economic regulator said on Wednesday. "Data center computing equipment will be key accelerators for the development of new technologies and industries such as artificial intelligence, big data and blockchain, and help fuel digital transformation and high-quality development," said...